The IPO winter hasn’t ended, but signs of a spring thaw are upon us. Although capital-raising during the second quarter continued a now 18-month run of disappointing results, the success of several recent offerings is giving investors and would-be public companies some much-needed reason for optimism.
Long-Awaited Green Shoots Seen in an Icy Market
A strong debut by fast-casual Washington, D.C.-based restaurant chain Cava Group Inc. is giving hope to companies that have been sitting on the sidelines, waiting for a better market environment before going public. Not only did Cava’s $318 million offering exceed expectations, but its stock ...
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